Compliance Manager - SCA Accredited

MH Markets; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Officer to ensure adherence to laws and regulations across multiple jurisdictions. In this pivotal role, you will refine compliance processes, develop comprehensive policies, and establish strong governance structures. Your expertise will help mitigate risks, conduct audits, and foster a culture of compliance within the organization. This position offers a unique opportunity to shape the compliance framework and lead initiatives that uphold regulatory standards, making a significant impact on the company's integrity and operational success.

Qualifications

• Strong understanding of compliance laws and regulations across jurisdictions.
• Experience in developing and implementing compliance policies.

Responsibilities

• Develop and implement compliance policies tailored to various jurisdictions.
• Conduct staff training to promote a culture of compliance and ethical behavior.

Skills

Regulatory Compliance

Risk Management

Policy Development

Staff Training

Audit Management

Education

Bachelor's Degree in Law or Finance

Certifications in Compliance (e.g., CAMS)

Tools

Compliance Management Software

Risk Assessment Tools

Job description

Compliance Officer Job Description

The Compliance Officer is responsible for ensuring that the company adheres to all applicable laws, regulations, and standards across all jurisdictions where it operates. The role involves refining compliance processes, reforming the Group’s structure and corporate governance, and establishing agreements and business relationships between the Group’s companies.

Key responsibilities include:

1. Developing and implementing comprehensive compliance policies tailored to each jurisdiction, and collaborating with consultancy firms to obtain necessary licenses from authorities such as DFSA, ADGM, and Vara. Conduct research on jurisdiction-specific regulations and policies.
2. Identifying compliance and business continuity risks, developing mitigation strategies, and working with the Risk team to handle malicious clients, suspicious traders, and breaches of conduct such as illegal trading activities and fake IB hires.
3. Ensuring compliance with reporting requirements, including annual returns, AML/CFT risk assessments, and audited financial statements across all jurisdictions.
4. Conducting staff training sessions to promote a culture of compliance and ethical behavior throughout the organization. Hiring management companies, legal advisors, and local directors for licensed entities abroad.
5. Establishing monitoring mechanisms and conducting regular audits to evaluate compliance performance and adherence to policies.
6. Promoting a strong compliance culture by overseeing marketing activities, ensuring all materials and websites comply with regulations.
7. Managing relationships with third-party agents and secretary companies, ensuring contractual and regulatory compliance across various jurisdictions, including drafting contracts for international sister companies.
8. Staying updated on global compliance standards and integrating best practices into the company's compliance framework.
9. Leading the development of the compliance department, drafting manuals and policies, training staff, and maintaining the Group’s compliance framework to uphold regulatory standards and operational integrity.